Market Research Future (MRFR) presumes the global 5G infrastructure market size to reach USD 27,476 million at an exponential CAGR of 58.9% from 2021 to 2027 (forecast period).
Multiple Factors to Bolster Market Growth
Benefits provided by 5G networks, an increase in mobile users, and rapid advances in IoT are among the drivers driving the growth of the 5G infrastructure market. Furthermore, the government plans to implement smart city projects, and other public welfare projects using digital transformation are likely to propel market evolution to the next level.
COVID-19 Impact on the Worldwide Market
The COVID-19 crisis has caused significant disruptions in 5G implementation around the world, hurting investments, delays in spectrum allocations, and supply chain disruptions, among other things. During 2019, telecom industry stakeholders like Communications Service Providers (CSPs), began 5G network service trials and rollouts, while many countries across the world were busy preparing for rollouts through spectrum auctions, releasing tenders for infrastructure contracts, and other readiness initiatives. With the pandemic situation, all of the aforementioned preparedness saw an influence on the 5G infrastructure industry, mostly due to delayed spectrum auctions, reduced spending budgets for digital transformation, and other factors.
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The global 5G infrastructure market size is expected to register an exponential CAGR of 58.9% from 2021 to 2027; and reach USD 27,476 million by 2027. The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the dominating region in terms of the adoption of 5G infrastructure owing to the heavy investments. North American market has been segmented into the US, Canada, and Mexico. The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period. The US market is expected to report the highest market share, owing to the leading market position in terms of 5G transport networks deployed for efficient and faster transportation. Additionally, the North American market for 5G infrastructure is expected to grow further due to presence of key players in the region such as Cisco Systems, Inc. (US), CommScope, Inc. (US), Siklu Inc. (US), Mavenir (US), Airspan Networks (US), Hewlett Packard Enterprise Development LP (US), and F5, Inc. (US). These players are competing to deliver with advanced 5G infrastructure that are future ready, capable of connecting millions of devices, enhanced network coverage, low latency, end-to-end solutions, bring new revenue streams for operators, among others.
For the purpose of analysis, the European market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest region globally to adopt 5G infrastructure that strictly comply with the Telecommunications Single Market (TSM) Regulation by European Union. The UK is projected to be the leading country-level market owing to higher adoption from various end-use verticals including manufacturing.
The 5G infrastructure market in Asia-Pacific region is projected to grow at the fastest rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This growth is attributed to the growing sustainable 5G ecosystem, telecom operators taking on several strategic initiatives to partner with technology providers as well as investing billions to deploy 5G networks intended towards offering new services for their customers, rapid economic developments, increasing cellular subscriber base, rise in use of smartphones, rapid development across OTT platforms, innovations across AR/VR, and digital innovation in major countries including China, Japan, India, among others.
The market in the Middle East & Africa and South America is expected to register robust growth during the forecast period. The demand is contributed by the industrialization and digital transformation across the industry is expected to continue adoption of 5G infrastructure over the forecast period.
According to MRFR analysis, Telefonaktiebolaget LM Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), Nokia (Finland), SAMSUNG (South Korea), ZTE Corporation (China), NEC Corporation (Japan), Cisco Systems, Inc. (US), CommScope, Inc. (US), Comba Telecom Systems Holdings Ltd. (China), Alpha Networks Inc. (Taiwan), Siklu Inc. (US), Mavenir (US), Airspan Networks (US), Hewlett Packard Enterprise Development LP (US), and F5, Inc. (US). The key strategies adopted by most of the players are partnerships, agreements, product developments, and collaborations.
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